Freddie Mac has priced $4 billion of 5.125% 10-year Reference Notes due Oct. 18, 2016.The issue (CUSIP: 3137EAAJ8) was priced at 99.914 to yield 5.136%, 38 basis points more than 10-year Treasury notes. The settlement date is Oct. 13. A syndicate of dealers headed by Deutsche Bank Securities Inc., Goldman Sachs Group, and Lehman Brothers led the transaction.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24